Note 5 Employees, personnel expenses and executive compensation

Note 5 Employees, personnel expenses and executive compensation


2013 2012
Average number of employees, per country Women Men Total Percentage men Women Men Total Percentage men
Sweden 8,166 15,555 23,721 66% 8,434 15,478 23,912 65%
Denmark 4,796 8,234 13,030 63% 5,213 8,453 13,666 62%
Finland 100 175 275 64% 107 183 290 63%
Norway 261 1,378 1,639 84% 223 1,059 1,282 83%
Other countries 243 397 640 62% 218 345 563 61%
Total 13,566 25,739 39,305 65% 14,195 25,518 39,713 64%
Personnel expenses, SEKm 2013 2012
Wages, salaries and other remuneration 14,175 14,082
Statutory social costs 2,715 2,628
Pension expenses 1) 1,498 1,551 2)
Other personnel expenses 235 77
Total 18,623 18,338

1) SEK 4m (3) of the group’s pension expenses is attributable to current and former presidents and executive vice presidents, for whom outstanding liabilities total SEK 131m (126).

2) Restated due to IAS 19 Revised, Employee Benefits.

Specification of wages, salaries and other remuneration, by country, SEKm 2013 2012
Presi- dents1) Of which, bonuses Other employees Total Presi- dents1) Of which, bonuses Other employees Total
Sweden 29
7,636 7,665 28
7,457 7,485
Denmark 14
5,301 5,315 12
5,558 5,570
Finland 2
105 107 2
108 110
Norway 5
925 930 5
772 777
Other countries 2
157 159 3
137 140
Total 52
14,124 14,176 50
14,032 14,082

1) “Presidents” refers to current and former chief executive officers and executive vice presidents.

Specification of wages, salaries and other executive compensation, SEKm 2013 2012
Base salary Pension expenses Other benefits Total Base salary Pension expenses Other benefits Total
Håkan Ericsson, President (as of 10-2013) 2.2 0.7 0.4 3.3
Lars Idermark, President (through 05-15-13) 4.2 1.1 0.0 5.3 8.7 2.6 0.1 11.4
K.B. Pedersen, Executive VP (Acting President 05-16-13 – through 09-2013) 4.7

4.7 4.5

4.5
Mats Lönnqvist, Executive VP (through 05-2012)



3.6 0.6
4.2
Total, CEOs and Executive VPs 11.1 1.8 0.4 13.3 16.8 3.2 0.1 20.1
Johanna Allert 2.0 0.6 0.0 2.6 1.9 0.6 0.1 2.6
Henning Christiansen (as of 05-2012) 3.0
0.2 3.2 2.0
0.1 2.1
Joss Delissen 3.1 0.9 0.0 4.0 2.9 0.8 0.0 3.7
Andreas Falkenmark 4.4 1.3 0.1 5.8 3.4 2.2 0.1 5.7
Annemarie Gardshol (as of 05-14-12) 3.3 1.0 0.1 4.4 2.0 0.6 0.0 2.6
Finn Hansen (through 04-2012 and as of 01-21-13) 3.3

3.3 1.1

1.1
Lo Hjorth (as of 10-2012 – through 01-20-13) 0.1 0.0 0.0 0.1 0.6 0.4 0.0 1.0
Henrik Höjsgaard 4.3 1.3 0.1 5.7 4.3 1.0 0.1 5.4
Palle Juliussen (through 09-2012)



2.4

2.4
Per Mossberg 3.0 0.9 0.1 4.0 2.9 0.9 0.1 3.9
Henrik Rättzén (as of 08-07-12) 4.6 1.4 0.1 6.1 1.8 0.6 0.0 2.4
Per Samuelsson 3.8 1.1 0.0 4.9 3.7 1.1 0.1 4.9
Total, other members of Group Management 34.9 8.5 0.7 44.1 29.0 8.2 0.6 37.8
Total, Group Management 46.0 10.3 1.1 57.4 45.8 11.4 0.7 57.9

Approved guidelines for executive compensation 1)

Pension provisions corresponding to a maximum of 30% of monthly salary apply to all executives in Sweden. Retirement plans and agreements stipulate a retirement age of either 65 or 62. Pension costs for the current CEO are fixed at an amount corresponding to 30% of monthly salary. The notice period is 6 months. The contracts of other members of group management stipulate a 6–12 month notice period when the employer terminates the contract and a 6 month notice period when the member terminates the contract. If the employer terminates the contract, the employee is entitled to severance pay equal to a maximum of 12 months’ pay and automobile benefits. For members of group management, income earned from subsequent employment or comparable business activities is deducted from the aforementioned severance package.

For executives employed in accordance with Danish labor law, full premium-based pensions are applied and the retirement age is determined pursuant to Danish labor law.

1) Board member compensation form a part of the Other item under Note 6, Other Expenses.


Dec 31, 2013 Dec 31, 2012
Gender division of executives, % Percentage women Percentage men Percentage women Percentage men
Group Board of Directors 38 62 38 62
Group management 18 82 15 85
Board members and subsidiary CEOs 36 64 21 79
Compensation to the Boards of PostNord and PostNord AB, SEK thousands Audit Committee Compensation Committee 2013 2012
Jens Moberg, as of 04-2013
Chairman 450 1)
Gunnel Duveblad Chairman
313 313
Fritz Schur (chairman) through 04-2013
Chairman 188 638
Anne Birgitte Lundholt through 04-2013 Member
112 300
Sisse Fjelsted Rasmussen as of 04-2013 Member
188
Christian Ellegaard as of 04-2013 Member
188
Jonas Iversen as of 04-2012 Member


Anitra Steen as of 04-2013
Member 188 2)
Mats Abrahamsson
Member 275 275
Ingrid Bonde through 04-2013
Member 88 275
Bjarne Hansen through 04-2013 Member
112 300
Torben Janholt
Member 275 275
Total

2,377 2,376

1) Jens Moberg submits an invoice via his own company; not yet submitted.

2) Anitra Steen submits an invoice via her own company; compensation of SEK 58 thousand was also paid in social security contributions.

Remuneration approved by annual general meeting, 04-18-13, SEK thousands Board Audit Committee Compensation Committee
Chairman 600 63 38
Member 250 50 25